Live Events(You can now subscribe to our(You can now subscribe to our Economic Times WhatsApp channelAn heir from one of India’s richest families, the top shareholder in UK telecommunications giant BT Group Plc , has relocated from Britain amid tax hikes on the nation’s wealthy residents. Shravin Bharti Mittal , 37, now lists the United Arab Emirates as his residence after previously listing the UK, according to a registry filing for part of his billionaire family’s namesake conglomerate, which owns 24.5% of one of Britain’s largest mobile and broadband companies. Two members of the billionaire Lazari dynasty – Leonidas, 58, and Nicholas, 54, whose namesake investment firm owns swathes of London properties – are now usually living in Cyprus, other filings show. A spokesperson for Lazari Investments, whose late founder Christos was born in the Mediterranean nation that offers its own non-don regime, declined to comment.“There will certainly be an exodus,“ said Gianpaolo Mantini, a London-based partner and financial planner at wealth advisory firm Saltus. His 41-year-old sister, Eiesha, who continues to lists the UK as her residency, took on that position from April 1, when Shravin’s relocation to the UAE also took place, filings show.

Source: The Times May 25, 2025 14:30 UTC